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rehab DEAL

Robyn Ring

RC2 Realty Solutions, LLC in Chattanooga, TN
Robyn Ring with Chuck Coddington

A local Realtor brought this property to our attention. An investor had purchased it but did not have the time to rehab it so he listed it for sale. Knowing this property was in an extremely hot area we jumped all over this home. It had a small footprint of only a little over 1200sf but we knew we could utilize additional square footage from the walkable crawl space area. Originally the home was a 3/1 and we turned it into a 3/2 with an additional 250sf for a laundry room and work/play area.

Rehab Details

Property City:
Chattanooga
Property State:
TN
Purchase Price:
$196,000
Repair Costs:
$120,000
Sale Price:
$407,000
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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

FortuneBuilders had previously taught me to enlist the services of local realtors. Upon sending out a mass email to local agents, one, in particular, saw the value in our services. This one agent has since hired a team in order to keep up with his day to day operations so he can focus all of his efforts in finding and selling us great properties! FortuneBuilders also allowed us the opportunity to learn of Hard Money Lenders, so Grand Coast Capital assisted with funding this transaction.

Before & After Photos